Quarterly Review and Outlook Fourth Quarter 2025

Published on January 27, 2026

Concerns over accelerating inflation persisted throughout 2025. However, these anxieties were unwarranted as wage and price increases slowed in response to eight influential factors that also suggest that last year’s disinflation will persist in 2026.

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Setting up Next Gen Leadership for Your Practice

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Advisors training their future leadership team should be taking the long view — preparing to steadily nurture talent over the years so clients and other employees feel comfortable with your succession plans.

Why U.S. Productivity Gains No Longer Reach Workers

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Last week in our latest Cyclical Outlook, “Compounding Opportunity,” we argued that beneath the economy’s broad resilience lies a stark divergence. U.S. policy pivots combined with the surge in adoption of AI technology have created winners and losers.